Part of Texas Drops in Bankruptcy Filings

In South-Central Texas, bankruptcy filings have fallen about 10 percent in August from one year ago. However, from July of this year to August, bankruptcy filings have not changed much. While Chapter 13 filings dropped, Chapter 7 bankruptcy filings increased. Chapter 11 bankruptcy filings also dropped, although there weren't many filings at all.    

Anyone at any time can find themselves needing to file for bankruptcy, whether personal bankruptcy or as a company. You need to know that these matters can be resolved in a beneficial way if handled properly so that you are able to move forward with your life. You do have rights to protect during this difficult time, but it's important that you take the correct steps to do so. Filing for bankruptcy does not have to be the end, but can be the chance at a new beginning when you make the right choices.